Supply & Demand

US northeast gas prices under pressure as stocks build

Prices in the US northeast will remain under pressure as gas stocks are replenished Prices in the US northeast will remain under pressure as gas stocks are replenished.
By Abhishek Kumar 7 June 2017 0 26265

Higher rates of gas injection in the northeastern United States will keep a cap on regional gas prices over the coming week even though summer has started in the country. Furthermore, the mild summer forecast for the Middle Atlantic region of the US will keep regional prices under pressure during the season.

Rising gas output from US shale plays such as the Marcellus and Utica plays is supporting stock replenishment in the US northeast, and the trend is expected to continue this summer. GGA forecasts total...